Which of the following is a key challenge facing public sector organizations in financial management Which of the following is a key challenge facing public sector organizations in financial managemen

Under IPSAS 3, how should changes in accounting policies be accounted for Under IPSAS 3, how should changes in accounting policies be accounted for? A) Prospectively B) Retrospectively C) Current y

What does the term "Stewardship" mean in public sector accounting What does the term "Stewardship" mean in public sector accounting? A) Managing public funds in a responsible and accountable manner

Which of the following is a source of revenue for public sector organizations Which of the following is a source of revenue for public sector organizations? A) Dividends from investments B) Sales re

What is the main objective of public sector financial reporting What is the main objective of public sector financial reporting? A) To maximize shareholder wealth B) To provide information for decis

Which of the following is NOT a key function of a public sector internal audit Which of the following is NOT a key function of a public sector internal audit? A) Testing the effectiveness of internal

Under IPSAS 17, how should property, plant, and equipment be initially measured Under IPSAS 17, how should property, plant, and equipment be initially measured? A) Cost B) Fair value C) Net realiza

What is the purpose of a risk register in public sector organizations What is the purpose of a risk register in public sector organizations? A) To record all financial transactions B) To identify an

Which CIPFA module focuses on strategic financial management issues facing public service finance leaders Which CIPFA module focuses on strategic financial management issues facing public service fina

What is the pass mark for most CIPFA professional qualification exams What is the pass mark for most CIPFA professional qualification exams? A) 40% B) 50% C) 60% D) 70% Answer: B Explanation: Th

Which of the following is NOT a source of finance for public service organizations Which of the following is NOT a source of finance for public service organizations? A) Taxation B) User charges C)

Under IPSAS 12, how should inventories be measured Under IPSAS 12, how should inventories be measured? A) Historical cost B) Net realizable value C) Lower of cost and net realizable value D) Fair

What does Virement refer to in public sector budgeting What does Virement refer to in public sector budgeting? A) The transfer of monies from one budget head to another B) A budget deficit C) A bud

CIMA Global Official Website CIMA Global Official Website: https://www.aicpa-cima.com The Chartered Institute of Management Accountants (CIMA), founded in 1919 and headquartered in London, UK, is the

CPA Canada Official Website CPA Canada Official Website: https://www.cpacanada.ca/ CPA Canada Official Overview: CPA Canada is the sole professional accounting body in Canada, offering the globally re

CPA Australia Official Website: CPA Australia Official Website: https://www.cpaaustralia.com.au/ CPA Australia Official Overview: CPA Australia is the professional accounting body in Australia, offeri

CMA Official Website CMA Official Website: https://www.imanet.org/certification/cma CMA Official Overview: CMA (Certified Management Accountant) is a globally recognized professional certification in

AICPA Official Website AICPA Official Website: https://www.aicpa.org The American Institute of Certified Public Accountants (AICPA) is the national professional organization for certified public accou

ACCA Official Website ACCA Official Website Global Website: https://www.accaglobal.com Chinese Website: https://www.accaglobal.com.cn ACCA Introduction (English) ACCA (Association of Chartered Certifi